Where the procuring agency require the bidders to furnish a bid security, the bid security should not exceed _______ of the bid price.

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Q. Where the procuring agency require the bidders to furnish a bid security, the bid security should not exceed _______ of the bid price.
(A) 5.0%
(B) 7.5%
(C) 10.0%
(D) 12.5%

The answer is: (A) 5.0%

Public Procurement Rules MCQs